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News

Investment Loan Changes and Updates August 2015

As you may be aware through coverage in the media the Lenders are reviewing their underwriting guidelines to ensure a responsible approach to consumer credit. Regulators have placed a 10% growth cap on residential investment lending. As a result lenders are imposing stricter credit guidelines, such as LVR (loan to value) restrictions, and increasing pricing […]


Commentary Regarding RBA Announcement August 2015

Only Time Will Tell Where the Australian Economy is Headed eChoice RBA Commentary for August 2015 The RBA have left the official cash rate on hold at 2.0 percent. This decision was based on: o The RBA needing to assess if the May rate cut will have an impact; o Further depreciation being needed in the […]


Home Edge Welcomes George Peloza JAN 2015

Home Edge welcomes George Peloza to the team. “….knowledge and experience equals success” George Peloza has over 30 years’ experience in establishing and building Banking Relationships with SMEs and Corporates in Victoria. George’s career has included time with Esanda (asset finance and property construction and development), ANZ Corporate, NAB Business Banking and Bank of Melbourne […]


Melbourne Auction Results – 25th October 2014

The property auction season went into overdrive as Melbourne had a massive 1558 auctions scheduled for the weekend and from the 1187 reported to date, 902 properties have been sold which represents a clearance rate of 75% on 25th October 2014 and an overall median sale price of $760,000. Auctioneers in Glen Iris were rushed […]


Melbourne Auction Results – 18th October 2014

Melbourne was expecting 1005 auctions on the weekend and from the 779 reported to date, 599 properties have been sold which represents a clearance rate of 76% on 18th October 2014 and an overall median sale price of $800,000. Glen Iris had another busy weekend with 13 auctions held and 9 of the properties have […]


Melbourne Auction Results – 11th October 2014

The number of auctions held in Melbourne always increases at this time of year and last weekend didn’t disappoint with 903 auctions listed for 11th October 2014. As this was published, 711 results have been reported and 529 properties have been sold, giving a clearance rate of 74%. According to the REIV, the September quarter […]


Reserve Bank: Monetary Policy Meeting – 7th October 2014

The Governor of the RBA has announced that the cash rate will remain at 2.5% again this month. The rate has been unchanged since it was lowered from 2.75% in August 2013 and it is expected they will remain at this record low for at least a few more months. This is good news for […]


Melbourne Auction Results – 4th October 2014

To mark the end of school holidays, there were 743 auctions scheduled in Melbourne for the weekend just gone and from the 539 reported to date, 411 properties have sold on the 4th October 2014. This works out to be a healthy 76% clearance rate that will keep expectations of a strong Spring auction season […]


Melbourne Auction Results – 27th September 2014

One of the quietest weekends of the year in Melbourne real estate, with most agents taking the day off to allow the general public to focus on the Grand Final clash between Sydney and Hawthorn. It turned out to be an anti-climax, as the big name Swans players wilted under the relentless pressure of the Hawks […]


Melbourne Auction Results – 20th September 2014

Another positive weekend in real estate, as there were over 1000 auctions held in Melbourne on 20th September 2014. Of the 755 reported to date, 589 properties have been sold – a clearance rate of 78%. Some notable sales for the weekend include: 28 Davies Street, Brunswick sold for $1.34 million 15 Nevis Street, Camberwell […]